US Non-Residents

Non-residents that wish to do business in the U.S need to be made aware of what their tax compliance responsibilities are. They will need to file, Federal, State, and local tax returns based upon the entity type they choose to operate. Numerous disclosure documents for non-residents are also required. Whether you choose to operate as an LLC or Corporation, you need to understand that your business entity is authorized to exist by the specific state you choose and each state has its own annual reporting and tax filing requirements. Failure to file timely with the Internal Revenue Service (IRS), the state you formed your business in, and the states and local jurisdictions you operate your business will subject your business to penalties. These penalties can be significant. In addition there are disclosure documents that must be filed for non-residents. Failure to file these disclosure documents, file and pay any minimum taxes can lead to suspension of your business as a result of a lien on your U.S. bank accounts.